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BOARD01949
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BOARD01949
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Last modified
8/16/2009 3:09:07 PM
Creation date
10/4/2006 7:05:14 AM
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Template:
Board Meetings
Board Meeting Date
2/13/2001
Description
Pending and Proposed Legislation - SB 01-157, 2001 CWCB Projects Bill
Board Meetings - Doc Type
Memo
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<br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />1 Colorado 2000, is amended to read: <br />2 Section 8. Alamosa river watershed restoration project - <br />3 appropriation. (2) In addition to any other appropriation, there is hereby <br />4 appropriated, out of any moneys in the Colorado water conservation board <br />5 construction fund not otherwise appropriated, to the Colorado water <br />6 conservation board for allocation to the Alamosa-La Jara water <br />7 conservancy district OR THE ALAMOS A RIVER WATERSHED RESTORATION <br />8 FOUNDATION, the sum of three hundred thousand dollars ($300,000), or <br />9 so much thereof as may be necessary, for engineering and construction <br />10 costs associated with implementation of the Alamosa river watershed <br />11 RESTORATION project. <br />12 SECTION 24. Article 60 of title 37, Colorado Revised Statutes, <br />13. is amended BY THE ADDITION OF THE FOLLOWING NEW <br />14 SECTIONS to read: <br />15 37 -60-123.1. Loan foreclosure fund. created. THERE IS HEREBY <br />16 CREATED IN THE STATE TREASURY THE LOAN FORECLOSURE FUND, <br />17 REFERRED TO IN THIS SECTION AS THE "FORECLOSURE FUND". THE STATE <br />18 TREASURER IS HEREBY AUTHORIZED AND DIRECTED TO TRANSFER ONE <br />19 HUNDRED THOUSAND DOLLARS FROM THE COLORADO WATER <br />20 CONSER V A TION BOARD CONSTRUCTION FUND TO TIiE FORECLOSURE FUND. <br />21 THE COLORADO W ATERCONSERV ATION BOARD IS AUTHORIZED TO PROVIDE <br />22 FUNDING TO COVER THE DIRECT COSTS ASSOCIATED WITH COMPLETING <br />23 FORECLOSURE PROCEEDINGS AGAINST A DELINQUENT BORROWER FROM <br />24 EITHER THE COLORADO WATER CONSERVATION BOARD CONSTRUCTION <br />25 FUND OR THE SEVERANCE TAX TRUST FUND PERPETUAL BASE ACCOUNT. <br />26 THE MONEYS IN THE FORECLOSURE FUND ARE HEREBY CONTINUOUSLY <br />27 APPROPRIATED TO THE BOARD FOR LOAN FORECLOSURE PROCEEDINGS, <br /> <br />-19- . <br /> <br />SBOl-157 <br />
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